Nevada Mortgage Rates & Home Prices (2026)
Median price: $425,000 · Avg. rate: 6.84%
Nevada Market Overview
$425,000
Median Home Price
6.84%
Avg. 30-Yr Rate
0.53%
Property Tax Rate
57.3%
Homeownership Rate
Nevada's market is dominated by Las Vegas and Reno. No state income tax and low property taxes attract buyers, but the state has one of the lowest homeownership rates nationally. The Home Is Possible program offers up to 5% of the loan for DPA.
Estimated Monthly Payment
Median home in Nevada (20% down, 30-yr fixed)
$2,590/mo
Principal & Interest$2,226
Property Taxes$188
Home Insurance (est.)$177
Total Monthly (PITI)$2,590
Based on a $425,000 home with 20% down ($340,000 loan) at 6.84%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Nevada
- Home Is Possible Program
- Home Is Possible For Teachers
- Home First DPA
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: NV Rates
30-Year Fixed6.84%
15-Year Fixed6.06%
5/1 ARM (est.)6.09%
FHA 30-Year6.69%
VA 30-Year6.59%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: NV
FHA Loan Limit$472,030
Median Income$71,646
Cost Index1.08x